PABvsSMBETF Comparison
VS
PGIM Active Aggregate Bond ETF (PAB) belongs to the Intl Aggregate Bonds segment. VanEck Short Muni ETF (SMB) is part of the Municipal Bonds segment. PAB's top 3 sector exposures are Sovereign, Industrials and Finance. In contrast, SMB's top sector exposures are Municipal. PAB is more expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.07% for SMB. PAB is down -1.59% year-to-date (YTD) with +$7M in YTD flows. SMB performs better with 0.17% YTD performance, and +$81M in YTD flows. Run a side-by-side ETF comparison of PAB and SMB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
PAB vs SMB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PAB SMB | -0.16%+0.03% | -1.87%-0.65% | -1.59%+0.17% | -1.31%+0.63% | +16.29%+9.84% | -1.48%+5.42% |
| Flows | PAB SMB | +$2M+$57M | +$32M+$63M | +$7M+$81M | +$14M+$88M | +$57M+$125M | +$83M+$58M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PAB SMB | +4.38%+2.25% | +3.94%+1.41% | +5.04%+1.43% | +6.00%+1.53% |
| Max drawdown | PAB SMB | -3.39%-2.28% | -4.80%-2.49% | -4.80%-2.49% | -18.67%-6.38% |
| Max drawdown duration | PAB SMB | 51d64d | 228d229d | 228d229d | 1553d995d |
Trading data
PAB | SMB | |
Last sale 10/16/2026 at 1:30 PM | $40.69 | $17.10 |
| Previous close 10/15/2026 | $40.69 | $17.18 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 19, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
PAB
is actively managed and doesn’t replicate an indexPAB | SMB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
PAB | SMB | |
|---|---|---|
| Last price | $40.69 | $17.10 |
| 1D performance | -0.01% | -0.47% |
| AuM | $98.67 M | $371.23 M |
| E/R | 0.2% | 0.07% |
Advertisement
Exposure
Countries
PAB
USA
69.27%
Other
30.73%
SMB
USA
72.14%
Other
27.86%
Sectors
PAB
Sovereign
39.92%
Industrials
12.56%
Finance
8.57%
Other
38.95%
SMB
Municipal
72.14%
Other
27.86%
Advertisement
Diversification
PAB
Total weight of top 15 holdings out of 15
28.85%
SMB
Total weight of top 15 holdings out of 15
13.24%
Top 15 holdings
Data as of August 31, 2026
PAB
USA, Notes 3.125% 31aug2029, USD (P-2029)
5.96%
USA, Notes 3.5% 15dec2028, USD (AV-2028)
2.94%
PGIM Core Government Money Market Fund
2.35%
USA, Notes 4.25% 30jun2033, USD (M-2033)
2.19%
USA, Notes 3.5% 31jan2028, USD (U-2028)
2.07%
USA, Bonds 2% 15nov2041, USD
1.75%
USA, Notes 3.875% 31mar2028, USD (AZ-2028)
1.59%
US3618N5VR78
1.41%
USA, Notes 4.375% 15may2036, USD (C-2036)
1.37%
USA, Bonds 3% 15feb2049, USD
1.31%
USA, Notes 3.5% 15jan2029, USD (AJ-2029)
1.28%
USA, Notes 1.25% 15aug2031, USD (E-2031)
1.18%
USA, Notes 4.125% 30jun2031, USD (AA-2031)
1.17%
FR SD8004, 3% 1aug2049, USD (ABS)
1.15%
USA, Bonds 5% 15may2046, USD
1.14%
SMB
US64972LAF04
1.05%
US45506EMV29
1.03%
US160853VD67
1.03%
California, 5% 1apr2030, USD
1.03%
Southeast Energy Authority, 4% 1dec2051, USD
0.95%
Massachusetts, 5% 1may2031, USD
0.91%
US48542AFE64
0.90%
New Jersey, 2% 1jun2030, USD (2021)
0.90%
California, 5% 1oct2031, USD
0.89%
US64972KKJ33
0.85%
US13078HAY80
0.79%
Massachusetts, 5% 1oct2031, USD (2022)
0.79%
King, 4% 1jul2030, USD
0.72%
Black Belt Energy Gas District, 4% 1oct2052, USD (2021)
0.72%
Connecticut, 3% 15jan2032, USD
0.70%
Frequently asked questions about PAB and SMB
How have the PAB and SMB ETFs performed in 2026?
As of October 15, 2026, PAB is down -1.59% year-to-date (YTD), while SMB has returned 0.17%. That puts SMB better performer ahead so far this year.
Which ETF is attracting more investor money: PAB or SMB?
Year-to-date, the PAB ETF saw +$7M in flows, compared to +$81M for SMB.
Which ETF is more volatile: PAB or SMB?
Over the past year, PAB had a volatility of 3.94%, while SMB experienced 1.41%.
Which ETF is bigger: PAB or SMB?
As of October 15, 2026, PAB holds $98.67 M in assets under management (AUM), while SMB manages $371.23 M.
What sectors do the PAB and SMB ETFs invest in?
PAB leans toward sectors like Sovereign, Industrials and Finance. Meanwhile, SMB focuses on Municipal.
What are the top holdings of the PAB ETF and SMB ETF?
PAB top holdings include USA, Notes 3.125% 31aug2029, USD (P-2029), USA, Notes 3.5% 15dec2028, USD (AV-2028) and PGIM Core Government Money Market Fund. SMB holds in its top three: US64972LAF04, US45506EMV29 and US160853VD67.
Which ETF is more diversified: PAB or SMB?
PAB holds 987 securities with 28.85% of its assets in the top 15. SMB has 330 securities and a top 15 weight of 13.24%.
Advertisement
Advertisement
